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Lecture
Estimators: Consistency and Efficiency
Description
This lecture discusses the criteria for good estimators, focusing on consistency and efficiency. Consistency is crucial, but not sufficient for a good estimator. The lecture also covers bias, mean squared error, and the trade-off between bias and variance. It explores the concept of efficiency in estimators and the importance of unbiasedness. Practical examples and theoretical foundations are provided to illustrate these concepts.
Official source
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